Iran oil

Iran oil News

Filling Iran oil gap in India: US supplies outshine Middle East crude

A previous round of sanctions against Iran - that began in early 2012 and ended in 2016 - allowed Saudi Arabia and Iraq to raise their Asian market share. India also raised the volumes it took from Venezuela in that period to fill the Iranian oil gap.

Tanker attacks in Gulf of Oman stoke security and oil fears, Iran calls incident 'suspicious'

US President Donald Trump has been briefed on the issue, the White House said today. Washington has also accused Tehran of being behind a similar incident on May 12. Four tankers were attacked in the same, vital oil shipping route.


War with Iran? Count us out, Europe says

Initially, not even pro-American Britain would go along with President Donald Trump’s administration, with officials defending a senior British general in the coalition fighting the Islamic State who said that there was no enhanced threat from Iran in Iraq and Syria.

Gulf warning

Iran’s partial withdrawal from nuclear deal is a signal: Iran-US conflict may become a costly showdown.

Washington’s confrontation with Tehran over oil is unlikely to force a regime change

Iran has no way to impose economic sanctions on the US and its allies in the Middle East. But its militias and proxies can retaliate to any military provocation from the US or Israel.

Oil market torn between loss of Iran waivers, surging US supply

US sanctions against Iran have denied its government more than $10 billion in oil revenue since President Donald Trump first announced the move last May.


US to India: Helping you on Masood Azhar, so end Iran oil imports

The US backed India after the Pulwama attack. Delhi, which relies on US support at the UNSC, has a tough choice given Iran accounts for about 13% of its oil imports

Donald Trump to end waivers to India, 7 other nations importing Iranian oil

The United States had reimposed sanctions in November on Iranian oil exports after Trump unilaterally pulled out of a 2015 nuclear accord in a bid to pressure Iran to curtail its nuclear programme.

South Korea imports no Iran oil in December; 2018 imports fall 60 per cent

South Korean buyers can buy up to 200,000 barrels per day of Iranian oil under the waiver, mainly condensate, according to industry sources, and oil imports from Iran are expected to resume this month, a source has told Reuters.

Payments for Iran oil exempted from taxes

Exempting payments received by NIOC for crude oil it sells to Indian refiners, the notification said the Iranian firm “shall not engage in any activity in India, other than the receipt of income under the aforesaid arrangement”.